Guideline Value for Kanni Koil Street

Kanni Koil Street guideline value

The current guideline value of Kanni Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kanni Koil Street has changed

The guideline value for Kanni Koil Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 174 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +245%. In 2012, the value rose to Rs 2,500 per sq.ft, which was a substantial increase of +317%. However, this figure decreased to Rs 1,675 per sq.ft in 2017, a decline of -33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,750 per sq.ft in 2024, reflecting a change of +10%.

It is important to note that there is no recorded figure for Kanni Koil Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by +1480%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Kanni Koil Street's 2024 figure is below this median.

• Kannappan Street: Rs 2,100 per sq.ft (2024)
• Kannan Nagar Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• Kannan Nagar: Rs 3,300 per sq.ft (2024)
• Karikalan Street: Rs 3,300 per sq.ft (2024)
• Kannadasan Street, Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kanni Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanni Koil Street?

The Kanni Koil Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Zaminpallavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kanni Koil Street?

The current guideline value of Kanni Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 174 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, representing an overall increase of +1480% over this period.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft for the year 2024. Kanni Koil Street's value is below this median.

What are the stamp duty and registration fees for Kanni Koil Street?

The stamp duty for a property valued at Rs 27,50,000 is Rs 1,92,500, while the registration fee is Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Kanni Koil Street?

The Pallavaram Sub Registrar Office handles registrations for Kanni Koil Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.